Wintrust Financial

  www.wintrust.com
  www.wintrust.com

Wintrust Financial Reviews

Updated October 23, 2014
Updated October 23, 2014
21 Reviews
3.2
21 Reviews
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Wintrust Financial President, CEO, and Director; Chairman, Wayne Hummer Investments, Wayne Hummer Trust, Wayne Hummer Asset Management, and First Insurance Funding Edward J. Wehmer
Edward J. Wehmer
17 Ratings

Employee Reviews

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  1.  

    My Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wintrust Financial full-time (more than 8 years)

    Pros

    Wintrust is a nice place to work except for the department I am in

    Cons

    To draconian in my department. Management is old fashion and out of touch

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    Not my worse employer but definitely not among the best.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wintrust Financial full-time

    Pros

    Employment opportunity....there were not many positive to this job.

    Cons

    Untrustworthy management, lack of integrity...

    Doesn't Recommend
    No opinion of CEO
  3.  

    Definitely lagging behind other banks in the area

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern
    Former Employee - Intern

    I worked at Wintrust Financial as an intern (less than an year)

    Pros

    Laidback work environment, low stress.

    Cons

    Poor pay, no work ethic in department or team collaboration.

    Advice to ManagementAdvice

    Pay attention and trust young workers with more challenging projects as opposed to menial tasks. Otherwise why bother paying them?

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good company overall - Good benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst in Rosemont, IL
    Current Employee - Financial Analyst in Rosemont, IL

    I have been working at Wintrust Financial full-time (more than an year)

    Pros

    Good benefits. Have on-site gym equipped with fitness classes for all employees free of charge. Two week vacation and unlimited sick days. Provides 401k match, medical (BCBS IL), dental and vision insurance. Discounts for AT&T, Jos A. Banks, etc.

    Cons

    Communication within departments is limited. A lot of micro managing. In order to fit in you must have a traditional mindset. Not very open to new ideas. Very cut throat environment. Not a team environment.

    Advice to ManagementAdvice

    Need to offer work/life balance. Offer remote access to all employees to allow all departments to remain functional and allow for work/life balance.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    growing quickly with no regards on how it affects those employed here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Libertyville, IL
    Former Employee - Anonymous Employee in Libertyville, IL

    I worked at Wintrust Financial

    Pros

    good benefits, including 401k plan

    Cons

    disregard for those outside of management

    Advice to ManagementAdvice

    talk to your employees.

    Doesn't Recommend
    No opinion of CEO
  7.  

    The bank stock and profitability continue to decline, is the only solution to continue to grow through bank acquisition?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Vice President in Saint Charles, IL
    Current Employee - Senior Vice President in Saint Charles, IL

    I have been working at Wintrust Financial

    Pros

    Wintrust financial allows each bank president to tailor the loan and deposit products to meet the needs of the community it serves. Some of the banks have a strong following in the community and devoted employees to ensure the highest level of customer satisfaction. The bank president has the authority to run the charter as his/her own business which allows for an entreprenureal spirt only found in a start up bank. The employee benefits package is very generous and competes strongly with employers of similar industries. The bank is large enough (when one considers all charters as one) to compete with the larger banks in the area; this eliminates many of the objections when working with customers who are concerned about moving to a community bank.

    Cons

    The communication and sharing of information between the banks is extreamly limited. The leadership from the holding company does not trickle down to the bank level. Accountability for the banks performance is only judged on a profitability basis and does not incorporate employee turnover or customer satisfaction. It does not appear bank presidents of less profitable charters are held accountable for thier performance and poor performance is allowed to continue year over year. Senior management is a good old boys club made up from the original people who started the bank, no room for new ideas or opinions in this environment. The lack of diversity within the organization is concerning and does not promote opportunities for women or people of color.

    Advice to ManagementAdvice

    Holding company officials need to be more involved at the bank level to ensure that the bank president is providing the leadership and communication to carry out the organizations goals and inititatives. Improvment in information sharing and communication between the banks would reduce lost productivity. Having an operations staff at each charter is a large duplication of job function with little financial return for the redundancy which is also complicated by the vast diferences in knowledge and expierience of similar positions at each bank charter. Leadership training for all senior managment and some type of oversight would better improve the level of bank presidents at each location.

    Doesn't Recommend
    Disapproves of CEO
  8.  

    Great Entry Level Corporation, but career will become stagnate.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing Specialist in Rosemont, IL
    Current Employee - Marketing Specialist in Rosemont, IL

    I have been working at Wintrust Financial full-time (more than an year)

    Pros

    Great People. The corporation just bought a new building.

    Cons

    Unorganized. The management is horrible and the pay is below average.

    Advice to ManagementAdvice

    If you do not increase wages, you'll lose your best people.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Great people through out the firm, but very low paying.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wintrust Financial

    Pros

    Excellent co workers, very knowledge with top industry experience

    Cons

    Very segmented company with disproportionate compensation.

    Advice to ManagementAdvice

    Pay employees based on meritocracy.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Overall good place to work in a commercial banking environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst in Chicago, IL
    Former Employee - Financial Analyst in Chicago, IL

    I worked at Wintrust Financial full-time (more than 3 years)

    Pros

    I would say above avg health benefits, on-site gym at corp hq, good work-life balance. Company is still small to be nimble but big enough to make positive impact in the Chicago banking footprint. Overall nice employees to work with. Decent annual bonuses.

    Cons

    Top heavy organization with lots senor mgrs. Corp communications is probably the biggest cons as sr mgrs doesn't pass down goals, direction to middle and lower level analysts. I.e. the left hand doesn't talk to the right hand. Lack of remote access from home. Merit increases usually small, below industry avgs.

    Advice to ManagementAdvice

    Do evaluation of senior managers, make more employees accountable for their actions.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    An OK place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wintrust Financial

    Pros

    Good benefits package, they staff their branches appropriately

    Cons

    Very political, management unconcerned with the needs of their staff

    Advice to ManagementAdvice

    Don't put unqualified people in management positions just because they're related to someone.

    Recommends
    Positive Outlook
    No opinion of CEO

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